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CARR (Carrier Global Corporation) Stock Financials & Earnings | Market Cap Arena
CARR
Carrier Global Corporation
Mkt Cap
$49B
Industrials
·
Construction
·
🇺🇸 United States
·
NYSE
Revenue (TTM)
$21.7B
Net Income (TTM)
$1.5B
EPS (TTM)
$1.73
Free Cash Flow (TTM)
$2.1B
Gross Margin
25.9%
Op. Margin
9.9%
Net Margin
6.9%
FCF Margin
9.6%
P/S Ratio (TTM)
2.3x
P/E Ratio (TTM)
33.1x
YoY Rev Growth
-3.3%
Employees
—
Earnings Reports
▶
Q4 2025
Browse All Reports
Quarterly
FY
Revenue & Profitability
Revenue
Gross Profit
Operating Income
Quarter
Revenue
Gross Profit
Op. Income
Q1 23
$5.3B
$1.4B
$555M
Q2 23
$6.0B
$1.8B
$489M
Q3 23
$4.9B
$1.5B
$510M
Q4 23
$5.1B
$1.4B
$607M
Q1 24
$5.4B
$1.5B
$385M
Q2 24
$5.9B
$1.5B
$724M
Q3 24
$6.0B
$1.7B
$763M
Q4 24
$5.1B
$1.4B
$774M
Q1 25
$5.2B
$1.4B
$629M
Q2 25
$6.1B
$1.8B
$881M
Q3 25
$5.6B
$1.4B
$539M
Q4 25
$4.8B
$961M
$101M
marketcaparena.com
Revenue Breakdown
CARR
Carrier Global Corporation
Revenue Breakdown
Q4 2025
marketcaparena.com
Valuation
P/S Ratio
P/E Ratio
Quarter
P/S
P/E
Q1 23
2.3x
19.6x
Q2 23
2.3x
22.9x
Q3 23
2.3x
41.2x
Q4 23
2.3x
36.6x
Q1 24
2.3x
39.7x
Q2 24
2.3x
14.6x
Q3 24
2.2x
14.2x
Q4 24
2.2x
8.8x
Q1 25
2.2x
8.6x
Q2 25
2.2x
12.4x
Q3 25
2.2x
12.4x
Q4 25
2.3x
33.1x
marketcaparena.com
Operating Cash Flow
Operating Cash Flow
Free Cash Flow
Quarter
Operating CF
Free CF
Q1 23
$120M
$50M
Q2 23
$384M
$310M
Q3 23
$1.0B
$968M
Q4 23
$1.1B
$829M
Q1 24
$40M
-$62M
Q2 24
$660M
$552M
Q3 24
-$269M
-$361M
Q4 24
$132M
-$85M
Q1 25
$483M
$420M
Q2 25
$649M
$568M
Q3 25
$341M
$224M
Q4 25
$1.0B
$882M
marketcaparena.com
Capital Expenditures
CapEx
Quarter
CapEx
Q1 23
$70M
Q2 23
$74M
Q3 23
$73M
Q4 23
$233M
Q1 24
$102M
Q2 24
$108M
Q3 24
$92M
Q4 24
$217M
Q1 25
$63M
Q2 25
$81M
Q3 25
$117M
Q4 25
$131M
marketcaparena.com
OpEx vs Revenue Growth (YoY)
Revenue Growth
OpEx Growth
Quarter
Revenue Growth
OpEx Growth
Q1 23
+13.3%
+61.7%
Q2 23
+15.0%
+25.3%
Q3 23
-9.5%
+12.7%
Q4 23
-0.1%
-3.8%
Q1 24
+2.8%
+6.7%
Q2 24
-1.0%
-5.3%
Q3 24
+21.3%
+18.0%
Q4 24
+0.9%
-2.7%
Q1 25
-3.7%
-8.9%
Q2 25
+3.0%
+0.4%
Q3 25
-6.8%
-3.5%
Q4 25
-6.0%
+8.3%
marketcaparena.com
Stock-Based Compensation
SBC ($)
% of Revenue
Quarter
SBC ($)
% of Revenue
Q1 23
$22M
0.4%
Q2 23
$18M
0.3%
Q3 23
$15M
0.3%
Q4 23
$18M
0.4%
Q1 24
$19M
0.4%
Q2 24
$21M
0.4%
Q3 24
$25M
0.4%
Q4 24
$21M
0.4%
Q1 25
$23M
0.4%
Q2 25
$21M
0.3%
Q3 25
$11M
0.2%
Q4 25
$19M
0.4%
marketcaparena.com
OpEx Breakdown
R&D
G&A
SG&A
Quarter
R&D
G&A
SG&A
Q1 23
$139M
—
$698M
Q2 23
$151M
—
$784M
Q3 23
$126M
—
$664M
Q4 23
$170M
—
$961M
Q1 24
$192M
—
$759M
Q2 24
$160M
—
$783M
Q3 24
$172M
—
$752M
Q4 24
$162M
—
$798M
Q1 25
$153M
—
$716M
Q2 25
$161M
$813M
—
Q3 25
$151M
—
$803M
Q4 25
$160M
—
$747M
marketcaparena.com
Revenue Segments
Product
Service
Quarter
Product
Service
Q1 23
$4.7B
$587M
Q3 24
$5.3B
$677M
Q1 25
$4.7B
$566M
Q2 25
$5.5B
$636M
Q3 25
$4.9B
$673M
Q4 25
$4.1B
$699M
marketcaparena.com
Revenue by Geography
Asia Pacific
Europe
Other Geographical Region
United States
Quarter
Asia Pacific
Europe
Other Geographical Region
United States
Q1 23
$1.0B
$1.2B
$184M
$2.9B
Q2 23
$1.2B
$1.2B
$204M
$3.4B
Q4 23
$1.1B
$1.2B
$213M
$2.6B
Q3 24
$923M
$1.7B
$184M
$3.2B
Q1 25
$941M
$1.4B
$138M
$2.7B
Q2 25
$981M
$1.5B
$183M
$3.4B
Q3 25
$961M
$1.6B
$198M
$2.9B
Q4 25
$958M
$1.6B
$159M
$2.1B
marketcaparena.com
War Chest
Cash & Equivalents
Short-Term Investments
Quarter
Cash
Short-term Investments
Total
Q1 23
$3.3B
$0
$3.3B
Q2 23
$3.2B
$0
$3.2B
Q3 23
$3.9B
$0
$3.9B
Q4 23
$9.9B
$0
$9.9B
Q1 24
$1.3B
$0
$1.3B
Q2 24
$2.9B
$0
$2.9B
Q3 24
$2.2B
$0
$2.2B
Q4 24
$4.0B
$0
$4.0B
Q1 25
$1.7B
$0
$1.7B
Q2 25
$1.8B
$0
$1.8B
Q3 25
$1.4B
$0
$1.4B
Q4 25
$1.6B
$0
$1.6B
marketcaparena.com
Shares Outstanding
Shares Outstanding
Quarter
Shares (Diluted)
QoQ Change
Q1 23
852M
+0.0%
Q2 23
851M
-0.2%
Q3 23
855M
+0.4%
Q4 23
854M
-0.1%
Q1 24
913M
+6.9%
Q2 24
915M
+0.3%
Q3 24
915M
-0.0%
Q4 24
903M
-1.3%
Q1 25
878M
-2.8%
Q2 25
866M
-1.4%
Q3 25
859M
-0.9%
Q4 25
847M
-1.4%
marketcaparena.com
Revenue Per Employee
Revenue / Employee
Year
Revenue/Employee
Employees
FY 17
—
—
FY 18
—
—
FY 19
—
—
FY 20
$312K
56K
FY 21
$355K
58K
FY 22
$332K
52K
FY 23
$358K
53K
FY 24
$468K
48K
FY 25
$463K
47K
marketcaparena.com